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JV Buys McKinney Apartments, Converting Half to Affordable Housing

Texas + Apartment Buildings

Turner Impact Capital and Kalterra Capital Partners acquired the 376-unit Kinstead housing community in McKinney, Texas. As part of the acquisition, the joint venture will convert more than half the units, 191 in total, into income-restricted housing affordable for renters earning 30% to 80% of Area Median Income. Under the agreement with the Housing Authority...

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Zilber Trades Bradenton Rental Community for $92.1M

Florida & Gulf Coast + Apartment Buildings

Zilber Residential built the Vida Lakewood Rancho apartments in Bradenton and has now sold the 304-unit complex to an undisclosed buyer for $92.1 million. The project is in Lakewood Ranch, a master-planned community.  Matt Mitchell, Chris Burtner, and Berkadia Central & North Florida led the transaction on behalf of Zilber. Located at 11109 Vida Circle,...

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TSB Sells Kennesaw State Student Housing Property

Atlanta & Southeast + Student Housing

TSB Realty completed the sale of The Indy, a 172-unit, 543-bed student housing property located near the Kennesaw State University campus in Marietta, Georgia. Heitman LLC purchased the property on behalf of an institutional investor from a joint venture involving Vesper Holdings. “The market fundamentals at KSU continue to be incredibly strong—record enrollment trends, impressive...

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Shindico’s Alevizos Performs Key Leadership Roles

Canada + Apartment Buildings

(Dino Alevizos is among the 2025 Canadian Next Generation Awards recipients, as selected by Connect CRE Canada. This profile explains how he stands out among his peers. (Read about all of the award winners.) By Amy Wolff Sorter Dino Alevizos is a commercial leasing agent with Winnipeg-based Shindico Realty, where he focuses on leasing, sales, tenant representation,...

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Colliers’ Carew Stands Out for Mentorship, Completed Deals

Canada + Apartment Buildings

(Michael Carew of Colliers is among the 2025 Canadian Next Generation Awards recipients, as selected by Connect CRE Canada. This profile explains how he stands out among his peers. (Read about all of the award winners.) By Amy Wolff Sorter Michael Carew is a Colliers Associate Vice President, Sales Representative who focuses on representing owners through the...

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H&R REIT Confirms Review, Contemplates Possible Sale

Canada + Apartment Buildings

H&R REIT has confirmed it is reviewing strategic alternatives, including a possible sale of the trust or most of its assets. The REIT said its board of trustees formed a special committee of independent members in February after receiving an unsolicited expression of interest. Since then, the committee has received additional proposals and is currently...

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Akelius Seeks to Develop 70-Storey Multi-Family Tower in Toronto

Canada + Apartment Buildings

Akelius aims to construct a 70-storey multi-family tower as part of a Toronto heritage-building redevelopment project. Plans calls for a total of 647 rental-units units are proposed, including nine studio units, 315 one-bedroom units, 254 two-bedroom units 69 three-bedroom units (10.7%). The project would replace 48 replacement one-bedroom units among the 647 total suites. The...

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Oceanside Affordable Project Secures $100M-Plus in Financing

California & West + Apartment Buildings

El Camino Commons, a new construction affordable multifamily housing property in Oceanside, has secured more than $100 million in financing from private and public sources. KeyBank Community Development Lending and Investment (CDLI) provided a $32-million tax-exempt construction loan and a $15-million taxable construction loan; the $27.8-million permanent loan will be privately placed with one of...

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